How Debt Relief Orders Impact on Debt Collection
17th June 2019
Find out how Debt Relief Orders (DROs) impact on businesses trying to collect debts from consumers.
Debt Collection: The Impact of IVAs
12th June 2019
Specialist Debt Collection Agency P&J have noticed a significant rise in the number of IVAs debtors are now taking out and how much harder it becomes for small businesses to recover the money they are owed. P&J's observations are echoed throughout the UK. 2012 saw a significant increase in the number of people taking out IVAs and consequently, there has been a similar spike in insolvencies.
Contracts: How They Help Recover Debts
15th May 2019
The use of good, clear contracts is an important and well established business practice. Not only do they establish and regulate business relationships, but they are also extremely useful in the debt recovery process.
How To Trace A Missing Debtor
12th May 2019
Bad debts are becoming a significant problem for many businesses under the shadow of the recession. The solution is to nip the problem in the bud and stay on top of debtors before it threatens your own ability to pay suppliers. It isn't always easy to recover payments though - especially when a customer is difficult to get hold of. When posted communications are returned, phone numbers ring unanswered or emails bounce, you may need to call in the help of a tracing agent.
Dealing With a Debt Collection Agency
5th May 2019
4 ways on how to deal with a debt collection agency letter or phone call the right way for the best result.
Advice on Using a Debt Collection Agency
24th April 2019
Find out how to use debt collection agencies intelligently & avoid the common mistakes made (including by Government) in managing debt.
Bankruptcy Petitions: When Should You Apply to Bankrupt a Debtor?
14th April 2019
When chasing a debt, the strongest action you can threaten is a petition for bankruptcy. But when is it in your interest to do this? And when is it better to pursue other remedies?
Debt Collection: Preventing Gone-Aways
12th April 2019
Debt collection is a difficult job and never more so than when your debtor seemingly disappears without trace. 'Gone-Away', 'Addressee Unknown', bounced emails and unanswered telephone calls are all worrying signs for any business waiting for payment of an invoice.
3 Credit Control Secrets From Top Debt Collectors
26th March 2019
Read the secrets from debt collection agencies and the measures top businesses have employed to keep their cash flow controlled and healthy.
Your Debt Recovery Rights as a Supplier
12th March 2019
Every business should be pushing for prompter payment terms with all of their suppliers. Here are the key points you can bring into your debt recovery processes.
How To Recover The Cost Of Debt Collection
12th March 2019
Whilst many small businesses are aware of how detrimental bad debts can be to cash flow, the cost of outsourcing to a debt collection agency is still difficult to justify for some. The reality is that many debt collectors only charge a commission on debts recovered. When you consider that these debts are often so difficult to chase that, without the help of experts, the likelihood is that they would be written off, the cost is worth it.
Debt Collection: The Real Reasons For Late Payments
3rd March 2019
The real reasons behind the excuses given to businesses for late payment - and what can be done about them.
Benefits of Outsourcing Your Debt Collection
12th February 2019
Read 5 benefits of outsourcing your debt collection to an expert debt collection agency such as P&J.
Debt Collection - The Impact Of Debt Relief Orders
27th January 2019
Current advice for businesses whose debtors have applied for debt relief orders.
The Debt Recovery Process For Businesses
15th January 2019
The steps a business should take in chasing debtors for unpaid invoices and accounts.
Debt Collection Advice For Freelancers
6th January 2019
Advice for freelancers and self employed workers who are struggling to get customers to pay on time.
Should You Chase Every Debt?
27th December 2018
Advice on which debts you should pursue and which debts aren't likely to result in payment.
Debt Collection: 3 Ways To Encorage Prompt Payment
27th December 2018
Debtors don't just put pressure on a company's cash flow. Chasing down late payers is time consuming and de-motivating for staff when they could be spending their time on more profitable tasks. Most businesses can avoid future difficulties from late payments simply by putting the right foundations and processes in place.
5 Common Excuses for Delaying Payment
12th December 2018
Late payers can be detrimental to a small business. All it takes is a few unpaid invoices to put pressures on cash flow. Many of the excuses seem plausible enough but can often be early indicators of a delay to payment.
Debt Collection: 5 Alternatives to Legal Action
3rd December 2018
Debt collection advice for businesses wanting to avoid legal action where possible.
When to turn to debt collectors for help
26th November 2018
Debt collectors aren't just there to chase the long-standing debtors down. They have the expertise to help you keep on top of your ledger on a continuous basis leaving you the time to focus on building new business and maintaining client relationships.
How debt collection agencies can help your business
15th November 2018
There are many misconceptions about debt collectors and what they can and can't do for your business. Here's a simple guide explaining the truths, the false claims and the law surrounding collections so that you know what to expect when employing the services of a debt recovery agency.
The 5 Most Common Excuses Used in Debt Collection (And How to Respond)
10th November 2018
Read the 5 most common excuses used by debtors when companies chase for payment of late invoices. Experts P&J give advice on how best to respond.
A Guide: 5 Steps to Successful Debt Collection
6th November 2018
Here are 5 essential steps you should follow for successful debt collection of late invoices from bad debtors, from the experts at P&J.
Using A Debt Collection Agency: Tips for a Successful Return on Investment
4th November 2018
Using a debt collection agency can be hugely beneficial to a business. Follow these tips from the experts at P&J for a successful return on investment.
How to Make Debt Recovery Easier in 2014
30th October 2018
This 2014 Debt Recovery checklist will help you run a tight ship on debt collection & maintain control of your cash flow using simple, tried & tested techniques.
How To Make An Effective Debt Collection Phone Call
29th October 2018
The telephone is your most powerful tool when chasing debtors. Follow these 8 tips to making an effective debt collection phone call from the experts at P&J.
Where to go for Debt, and Debtor, Advice
28th October 2018
If you or your customers are struggling with debt, contact these free and confidential organisations for advice.
Advantages Of Using A Nationwide Debt Recovery Agency
27th October 2018
Choosing a debt recovery agency to take over your debts can seem like a minefield. Some less scrupulous agencies have made business owners nervous about turning to debt collectors in fear that it will damage their company's reputation. Don't let that put you off though - choosing a good debt collection agency could be the smartest decision you ever make.
Consumer Debt at its Highest Since 2008
13th October 2018
November 2014 saw consumer borrowing rise to its highest level in 7 years. Read more for debt advice.
How To Spot A Fake Debt Collection Agency
2nd October 2018
With the rise of fake debt collection agencies hitting the news and horror stories spreading on social media, you need to keep your wits about you when responding to demands from a suspicious debt collector.
A Guide On Choosing Your First Debt Recovery Agency
2nd October 2018
If you've just made the decision to use the services of a debt recovery agency and this is your first time, you need to be careful about who you employ. You need to make sure the agents you choose can deliver what you expect, in the timescales you need, without damaging your reputation in the process.
How to Stay Legal With Debt Collection and Avoid Heavy Penalty
21st July 2018
Find out what got these businesses in so much trouble with the FCA for illegal debt recovery practices.